Market Situation
• Strong Growth: ETH has increased by over 40% in May, reaching a 3-month high of $2,789 on May 29.
• Adjustment Pressure: The recent decline may be due to profit-taking pressure and cautious market sentiment following the strong surge.
• Decreased Trading Volume: Trading volume is decreasing, indicating investor hesitation in the short term.
⸻
🔍 Should you buy or sell ETH right now?
• Buy if you believe in the long-term potential of Ethereum, especially as factors such as technological upgrades, institutional investment, and the development of Web3 are supporting the price.
• Sell or take profits if you have achieved your short-term profit targets or are concerned about the potential for price adjustments after the recent surge.
⸻
📌 Conclusion
ETH is in an upward trend with positive technical signals. However, the decision to buy or sell should be based on personal investment goals and risk tolerance.$ETH